Argentina's recovery and excess capital shallowing of the 1990s

  • Finn Kydland
  • Carlos Zarazaga

Abstract

The paper examines Argentina’s economic expansion in the 1990s through the lens of a very parsimonious neoclassical growth model. The main finding is that investment remained considerably weaker than what the model would have predicted. The resulting excessive “capital shallowing” could be identified as a weakness of the rapid economic growth of the 1990s that may have played a role in Argentina’s ultimate inability to escape the crisis that started to unfold towards the end of that decade.
Keywords Argentina, depression, growth model
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How to Cite
Kydland, F., & Zarazaga, C. (2016). Argentina's recovery and excess capital shallowing of the 1990s. Estudios de Economía, 29(1), pp. 35-45. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40823/43541
Section
Articles
Published
2016-05-05